S&P 500 – Consolidation Breakout SetupUS SPX 500OANDA:SPX500USDwaseemunreal Consolidation Range: 7,655 – 7,665 The price is currently moving within a consolidation range between 7,655 and 7,665. I am waiting for a confirmed breakout followed by a successful retest. 🟢 Bullish Scenario: If price breaks above 7,665 and successfully retests the level as support, the target is 7,671. 🔴 Bearish Scenario: If price breaks below 7,655 and successfully retests the level as resistance, the target is 7,647. Confirmation: A candle close outside the consolidation range followed by a clean retest is required before considering the breakout valid.